Overview
The reconciliation of Dividend Statements, Distribution Statements, and Foreign Dividend Statements are available through BGL SmartDocs. This integrated AI features allows you to compare transactions recorded in entities to uploaded Dividend and Distributions Statements while allowing you to make adjustments.
Navigation
To begin, upload a Dividend/Distribution Statement using one of the methods in SmartDoc Documents
Next from the Main Toolbar, go to Reports. | |
Select Documents from the list. |
Note: Categorising and Sorting via BGL SmartDocs
When opening any document that has been analysed by BGL SmartDocs, the options to add a Financial Year and Tags are available. Additionally, clicking Add Folders will also allow you to categorise this document by selecting an appropriate document type or account.
Any details saved with these options will be conveniently carried over to the Workpapers screen.
1. Once the AI has identified and processed the document, click on the Dividend Statement
2. Ensure the correct Payment Date, and Security Code are selected correctly.
3. SmartDocs will extract the data from the Dividend Statement and fill a table detailing the taxable information. If required, change these accounts to the correct amount
4. If the AI has high confidence that a transaction matches in the entity, the AI will automatically attach a Dividend Statement to the Transaction.
If the AI does not have high confidence it will suggest a transaction for the Dividend Statement to attach.
1. Once the AI has identified and processed the document, click on the Distribution Statement
2. Ensure the correct Payment Date, and Security Code are selected correctly.
3. SmartDocs will extract the data from the Distributions Statement and fill a table detailing the taxable information. If required, change these accounts to the correct amount
4. If the AI has high confidence that a transaction matches in the entity, the AI will automatically attach a Distributions Statement to the Transaction.
If the AI does not have high confidence it will suggest a transaction for the Dividend Statement to attach.
1. Once the AI has identified and processed the document, click on the Foreign Dividend Statement
2. Ensure the correct Payment Date, and Security Code are selected correctly.
3. SmartDocs will extract the data from the Foreign Dividend Statement and fill a table detailing the taxable information. If required, change these accounts to the correct amount
4. Please review the Net Payment and Converted AU Net Amount are the correct amounts.
5. If the AI has high confidence that a transaction matches in the entity, the AI will automatically attach a Foreign Dividend Statement to the Transaction.
If the AI does not have high confidence it will suggest a transaction for the Dividend Statement to attach.
Please be advised
If a Dividend Statement has previously been analyzed by an older AI model, and wish to Statement to be analyzed again with the new enhanced Dividend / Distribution AI model.
One can accomplish this by following the steps below.
By Clicking on Change Model
Then Select Dividend / Distribution, and following that Select Apply